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Historic Mill Building
For Sale
$229,900

1 N State Street, Lexington, NC 27292

Four-story brick historic mill building in downtown Lexington, offering a versatile redevelopment canvas.

Property SizeContact for details
Days on Market514

Property Features for 1 N State Street

General Information

Standard status Active
Property subtype General Commercial

Amenities

3
Parking. Corner Lot.
6 Parking Spaces. On Street.
Corner.

Building Details

Year Built 1890
Stories 4
Listing Agency: BelleRose Estate
Listed By: Bellerose Estate · License #290178
Source: Xome
Added: Mar 28, 2025 Changed: Aug 23 Last Checked: Aug 22 at 1:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BelleRose Estate

Investment Insights

Based on property information with market context.

Historic Grimes Brothers Mill building for sale in downtown Lexington. The property is a four-story brick structure, and the existing improvements provide a substantial, character-filled shell for a range of redevelopment concepts.

According to the seller’s remarks, the building is located near the center of downtown Lexington, with proximity to Lexington’s Social District referenced as part of the redevelopment vision.

This is a for-sale commercial property presented as having “many possibilities,” with the primary physical description being its multi-story brick construction.

Key Highlights

  • Historic Grimes Brothers Mill building in downtown Lexington
  • 4‑story brick structure
  • Located near the center of downtown Lexington

Property Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,043
Businesses Nearby

Demographics for 27292, NC

39,337
Population
18,749
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
144.0 sq mi
ZIP Area
273
Density / Sq Mi
$54,468
Median Household Income
$34,776
Median Earnings
$831
Median Rent
$193,300
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Manufacturing property - Four-story brick historic mill building in downtown Lexington, offering a versatile redevelopment canvas.
Where is this manufacturing property located?
The property is located at 1 N State Street Lexington, NC.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Historic Grimes Brothers Mill building in downtown Lexington; 4‑story brick structure; Located near the center of downtown Lexington
More about this property
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